Beugue Ligueye Group

There are five people in the group, four woman and one man, who live in the same neighborhood.The name of the group is Beugue Ligueye. They are in business and would like to diversify their products, which is why they are requesting a loan from IMCEC.
The President, Mrs. Rokhaya is 34 years old and has one daughter who is three years old. She has been selling fabric for the past two years. She doesn't have expenses and all her profits are reinvested in the business. With the loan, she would like to diversify the products she sells and satisfy her client demands. This will give her more financial autonomy.

Additional Information

About UIMCEC

This loan is administered by UIMCEC, a Kiva Field Partner in Senegal since 2008. UIMCEC is a government-regulated microfinance institution whose mission is to improve the revenue and well-being of families through access to financial services, allowing principally women and young adult micro-entrepreneurs living in rural and semi-rural areas to develop their revenue-generating businesses and supporting them in becoming financially self-sufficient.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.